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Budget day: Helping or hindering the inflation battle?

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Manage episode 418077449 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Tuesday 14th May 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


It is of course, budget day in Australia today. NAB’s Rodrigo Catril says government subsidies will help bring headline inflation down, but the rise in household spending could delay the slowdown in the underlying inflation rate. The speed at which inflation will fall continues to be the question on everyone’s lips around the world. For the US the PPI (producer prices index) will be watched keenly because it feeds through directly to the Fed’s preferred inflation measure. CPI numbers tomorrow will add to the picture. The UK’s employment and wages data today will show whether the upside surprise in GDP in the last quarter is being reflected in the labour market, which could also delay the slowdown in inflation.



Hosted on Acast. See acast.com/privacy for more information.

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1141 episodes

Artwork
iconShare
 
Manage episode 418077449 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Tuesday 14th May 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


It is of course, budget day in Australia today. NAB’s Rodrigo Catril says government subsidies will help bring headline inflation down, but the rise in household spending could delay the slowdown in the underlying inflation rate. The speed at which inflation will fall continues to be the question on everyone’s lips around the world. For the US the PPI (producer prices index) will be watched keenly because it feeds through directly to the Fed’s preferred inflation measure. CPI numbers tomorrow will add to the picture. The UK’s employment and wages data today will show whether the upside surprise in GDP in the last quarter is being reflected in the labour market, which could also delay the slowdown in inflation.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

1141 episodes

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